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Bankers make more bucks
Pay for local bank executives rose in 2009 but was still below 2007 levels, according to SEC filings.
Read More »Bobber Flats nears completion
Another former factory in Shockoe Bottom has been converted into apartments. The developers are looking to borrow $8 million more to add the next phase of the project, which encompasses a full city block
Read More »Deal’s off
Eastern Virginia Bank and First Capital Bank are no longer going to combine operations in a $27 million deal, as they agreed to in April. The reason, according to a news release, is the
Read More »Discount mortgages encouraging buyers
Just when it seemed mortgage rates couldn’t get any lower, First Market Bank dipped below 4 percent on mortgages for homes sold by homebuilders they lent to. Other banks followed suit, and the
Read More »Monday Q&A: Why are local banks merging like crazy?
Within the last month, six Virginia banks have paired up faster than high schoolers on prom night. For the Monday Q&A, RBS sits down with two banking consultants and asks what the mergers may
Read More »Three years for bank to become profitable
Pour a round of the good stuff. After three years in operation, Virginia Business Bank recorded its first quarterly profit in this year’s first quarter
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